A note on multi-item inventory systems with limited capacity

Jose A. Ventura; Cerry M. Klein

doi:10.1016/0167-6377(88)90068-5

A note on multi-item inventory systems with limited capacity

Jose A. Ventura, Cerry M. Klein

Marcus Department of Industrial and Manufacturing Engineering

Research output: Contribution to journal › Article › peer-review

17 Scopus citations

Abstract

Functional relationships between the Lagrange multiplier and system parameters for multi-item inventory systems with one restriction are identified and used to establish tight bounds on the optimal multiplier value. A recursive process which rapidly converges to the optimal multiplier is also discussed. Finally, a comparative analysis of the new bounds in relation to existing bounds is presented.

Original language	English (US)
Pages (from-to)	71-75
Number of pages	5
Journal	Operations Research Letters
Volume	7
Issue number	2
DOIs	https://doi.org/10.1016/0167-6377(88)90068-5
State	Published - Apr 1988

All Science Journal Classification (ASJC) codes

Software
Management Science and Operations Research
Industrial and Manufacturing Engineering
Applied Mathematics

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title = "A note on multi-item inventory systems with limited capacity",

abstract = "Functional relationships between the Lagrange multiplier and system parameters for multi-item inventory systems with one restriction are identified and used to establish tight bounds on the optimal multiplier value. A recursive process which rapidly converges to the optimal multiplier is also discussed. Finally, a comparative analysis of the new bounds in relation to existing bounds is presented.",

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AB - Functional relationships between the Lagrange multiplier and system parameters for multi-item inventory systems with one restriction are identified and used to establish tight bounds on the optimal multiplier value. A recursive process which rapidly converges to the optimal multiplier is also discussed. Finally, a comparative analysis of the new bounds in relation to existing bounds is presented.

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A note on multi-item inventory systems with limited capacity

Abstract

All Science Journal Classification (ASJC) codes

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